U.S. markets closed mainly with the growth of leading indexes
Stock trades ended mainly by growth in the United States on June 19. High-tech companies closed with mixed session. Quotations of the world’s largest software manufacturer Microsoft Corp. increased by 2.43%, after analysts of the Goldman Sachs Group Inc. recommended to add it to the list of companies whose securities have assured purchase. At the same time, shares of Apple Inc., that had marketed a new model of its popular phone iPhone ( and subsequently the iphone series including the hot zubehör iphone 4 model ), added to the price by 2,65%. Meanwhile, the value of the shares of its competitor Research In Motion Ltd. decreased by 4.92% as the company’s earnings guidance for the II quarter of this year were below analysts’ expectations.
Oil prices went down sharply
World market prices for oil declined on the basis of bidding at the leading oil exchanges on 19 June 2009. Official prices of oil futures next month of delivery were:
in London on InterContinental Exchange Futures – IPE e-Brent Crude Futures Electronic – 69,19 (-1,87) $ / barrel. in New York for the New York Mercantile Exchange – Light, Sweet Crude Oil – 69,55 ( -1.82) U.S. $ / bbl.
During the last day the price rose – the purchase of oil has been attributed to the fact that during the period 12-16 June, the price of oil futures declined more significantly than they have subsequently increased over the last two trading days (17 and 18 June), which technically allowed market participants to continue to enhance the game.
However, the main factor in the fall of the value of “black gold” was the information that stocks of gasoline had substantially increased over the past week in the United States.
It should be recalled that, as of June 12, stocks of gasoline in the United States rose to 3.4 million barrels for the week, exceeding the expectations of industry experts by nearly six times.
Eurobonds and the negative pressure from the United States
Following the European stock exchange and commodity market quotes sovereign Eurobonds significantly “proseli at auction on Wednesday, June 17. Price issuance Russia-30 (YTM 7.75 per cent) decreased by about 1 percentage point – Up to 98.5 per cent of the nominal value. In doing so, its spread to UST has become more than 400 bp for the first time since late May, noted MDM Bank.
Significant changes in Russian corporate bonds are not observed. The negativity of the United States is continuing to push on the market, but the correction has only been viewed in the long segment of the curve Eurobonds, notes Promsvyazbank.
The price of gold has fallen to its minimum on COMEX
The price of gold on the Stock Exchange of New York (COMEX) fell to its lowest level over the past three weeks and settled on the basis of trades below U.S. $ 930 per ounce on June 15. Thus, the official price of gold on COMEX in relation to its active futures (August) became 927.5 U.S. dollars per ounce, which is the minimum figure since 18 May of this year. The price of gold transactions settled in the range 926.5 to 940.3 USD per ounce.
Troy ounce of gold became cheaper by U.S. $ 13.2 on COMEX on June 15, and it resulted to the fact that the official price of gold fell by a further 1.4% on the market. Reducing the price of gold was due to a visible strengthening of the dollar in world currency market. Dollar Index (spot), reflecting the change of exchange rate of the American dollar to the “basket” of six leading world currencies, rose by 1% for the first time in the past three weeks on June 15, which exceeded the point 81.
